Nice and simple setup, but this means nothing until the channel bottom is taken out. Longterm my bias on this is still long, across the majority of EUR pairs. We are still long on EJ & this pair since May.
We could easily see another push to the channel top which would definitely give the targets a move with it. The targets are in no way concrete, especially if we...
Hello guys, I hope you have booked an amazing profit in xzc. I shared xzc signal on 6th January and xzc has given over 3x profit. Today I have brought a new coin which is looking so bullish. Personally I am expecting a great reversal from here it has already broken the triangle and and most of the indicators and divergence are also showing bullish. I have given...
I'm posting this idea so I have a record of my ideas and hopefully start a discussion. This is not to be blindly followed or taken as investment advice... please please please DYOR!
Line of Thinking:
We are forming a potential Head & Shoulders pattern on the 4hr. We are currently moving down forming the right side of the right shoulder after having a failed IH&S...
First Week Of 2021
Signal's win rate: 86%
Total Trades: 30
Winning Trades: 26
Strategy and Risk management explanation:
- Condition: Specify potential zones in 4H and 1H and wait for the price to reach them
- Entry: Regular divergence, double top and double bottom in 15M and 5M
- Stop Loss: 1 ATR below or above the last swing
. The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken.
. Also, it will be a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2.
. Traders can set orders based on Price Action...
Looking for the continuation of this down trend after a long daily retracement. Hidden bearish divergence on the 1H and 1D charts. Long term sell
Hope you all had an amazing holiday/rest :)
It looks like might have a minor pullback which will be a great chance to load up on longs for the next leg up.
My reasoning is:
-ADX is reaching a common reversal point, while DI+ is weakening giving bias towards a change in the trending behaviour.
-Stoch has crossed down and will remain so anywhere under 27600(approx.)
-MACD is showing bearish divergance as...
On the 4h chart of Cable, a bearish divergence (in RSI, MACD, and Stochastic) is observed with no higher-highs being formed, signaling weakness in the current bull trend. A break out of the rising wedge and a subsequent break below the local support of 1.32990 could provide a short signal where it is expected to fall to at least the 4H support of 1.31760. However,...
Eyes are still very much on this pair.
No opportunity presented itself last week, but at the moment we have a nice and clean potential double top forming. Naturally, we need to see this neckline taken out before we can trade it. The double top itself (although it cannot be classified as divergence) is showing significant signs of weakening, through the MACD and...
Nice, simple & clean. Double top, neckline has already been broken, now we just need to look for the retrace - its always possible that this wont give a full retrace, or it may even over extend to the bodies of the candles on the neckline. nice drop off on the MACD across the peaks, and a trend break to vouch. Price action also looking very nice for the bears. I'm...